Build Your Salon With Phil Jackson

Most salon owners think they know if their business is profitable. They check the bank balance on a Friday and if there's money there, things must be okay. But a feeling isn't a profit plan, and a hunch isn't a strategy.In this episode, Phil Jackson interviews Braden Weinstock, founder of Pretty Data and owner of a profitable Los Angeles salon for 15+ years. Braden reveals why more than 50% of solo pros and independent salons aren't consistently making a profit, and shows exactly how to fix it.WHY CHECKING YOUR BANK BALANCE ISN'T A PROFIT PLANThe problem with running your salon from the bank account: you make decisions and spend money without knowing if you actually have profit. Then tax season arrives and you realize you didn't make money last year. If you're not making money on every client, you're just working to go out of business faster.THE DATA PROBLEM (AND HOW PRETTY DATA SOLVES IT)Salon financial data is scattered: booking systems have revenue but not expenses. Accounti